Couple that with the huge drop off in people actually reading newspapers and it is now a fairly expensive media that most people say if not that effective either.I know some markets still have it being useful (to market to buyers or sellers or renters) but I have never heard of one MA investor say that it was useful for them (for any of those groups).

. ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Mentioned above was the aspect of people who don't really know what a lender may be required to do arising from their internal lending policies or what they think or how they may be effected as being silly is an understatement.

You can self insure for property damage or loss, but you need liability insurance, as your risk could be virtually unlimited.

Windows and doors do not get fixed or replaced, they get boarded up to secure the property.If there is any damage to the pipes all we ask for them to do is cap the lines so it won't leak if the water is turned on.Just imagine how many HUD keys are out there.

But when your end buyer moves into that house and 6 months later they move out with $5000 worth of damage to that house, who will the original owner be mad with?

Those extra days, if nothing else, will in effect draw out the process and "lengthen" your inspection period.Good luck.

You might get the $5-10k up front as a down payment but that could be eaten up by these repairs/lost rent.In the long term you might make a few more bucks, but the risk is much higher and you have a downside to potentially have to put cash into it to get rid of it, whereas you know your downside with the wholesale deal is $0 if you don't close it.Also with the new Dodd-Frank rules in effect, make sure you understand how those might affect lease options before you jump into one - there are many well researched threads on BP addressing DF right now .

I made it pretty clear that it's an option in CA and the effects, yet some can't or aren't follow(ing) what was said as to audits, probably because no one here has ever done an examination audit.

If sold on an installment sale, the balance of the purchase price ($57K if sold at $92) will be taxed only when received at the long term capital gains tax rate in effect for the tax year in which installments are received.

Wear and tear or possible damage was considered and if significant work had been done it was flipped.Holding period: Consideration was given to depreciation and the after tax position usually begins to fall at some point, about 7 to 8 years and in consideration of major repairs expected.